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Chief Financial Officer's (CFO) Report to the Board

DIF Balance Sheet - Third Quarter 2017

Fund Financial Results ($ in millions)
Balance Sheet
 

Sep-17

Jun-17
Quarterly
Change

Sep-16
Year-Over-Year
Change
Cash and cash equivalents $1,237 $3,362 ($2,125) $4,273 ($3,036)
Investment in U.S. Treasury securities 79,439 75,043 4,396 68,124 11,315
Assessments receivable, net 2,635 2,677 (42) 2,686 (51)
Interest receivable on investments and other assets, net 517 399 118 565 (48)
Receivables from resolutions, net 9,317 8,944 373 9,044 273
Property and equipment, net 333 324 9 360 (27)
Total Assets $93,478 $90,749 $2,729 $85,052 $8,426
Accounts payable and other liabilities 198 242 (44) 218 (20)
Liabilities due to resolutions 2,421 2,535 (114) 3,538 (1,117)
Postretirement benefit liability 232 232 - 233 (1)
Contingent liability for anticipated failures 86 117 (31) 359 (273)
Contingent liability for litigation losses and other 35 35 0 0 35
Total Liabilities $2,972 $3,161 ($189) $4,348 ($1,376)
FYI: Unrealized gain (loss) on U.S. Treasury securities, net (17) 16 (33) 346 (363)
FYI: Unrealized postretirement benefit (loss) gain (26) (26) - (34) 8
Fund Balance $90,506 $87,588 $2,918 $80,704 $9,802
 
   

Unrealized Gain(Loss) on U.S. Treasury Securities (per the Balance Sheet)


Unrealized Gain(Loss) on U.S. Treasury Securities (per the Balance Sheet)
Quarter  
1Q16 402,667
2Q16 512,693
3Q16 346,153
4Q16 20,272
1Q17 28,423
2Q17 15,962
3Q17 (17,197)

The decrease in unrealized gains on the DIF portfolio’s U.S. Treasury securities since mid-2016 was the result of yields rising dramatically across all maturity sectors of the Treasury yield curve, resulting in declines in the securities’ market values relative to their book values.

 

 

Last Updated 12/20/2017  
DOFBusinessCenter@fdic.gov